This book is unique in gathering under one over all the elements of electricity economics and planning, both for the traditional approach and for the new developments of the 1990s, e.g. privatisation, competition, deregulation and more efficient markets and pricing. All the fundamental institutional aspects of electricity in the 1990s are also discussed, particularly relevant at a time when the utilities of the developed world are being restructured, those of the ex-centrally planned economies are being profoundly reorganised and those of developing countries have enormous debt problems. The book describes how these challenges of the 1990s are to be understood and met.